This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of biologically active molecules. It is often employed in the development of pharmaceutical agents targeting neurological disorders, particularly those involving the modulation of neurotransmitter systems. Its structural framework is valuable for creating compounds with potential applications in treating conditions like anxiety, depression, and schizophrenia. Additionally, it serves as a building block in the design of enzyme inhibitors, contributing to drug discovery efforts focused on regulating specific biochemical pathways. Its versatility makes it a significant component in research aimed at identifying novel therapeutic candidates.